Token

Momentum

Render

<p style="text-align: justify">The Render <a href="https://en.coin-turk.com/these-meme-coins-are-in-the-spotlight-with-a-surprise-listing/" data-wpel-link="internal">Token</a> price experienced a 1% increase over the last 24 hours, reaching the $2.00 mark, and helping to offset the 10% drop it had witnessed last week.</p> 
<h2 style="text-align: justify" id="fall-of-rndr">Fall of RNDR!</h2> 
<p style="text-align: justify">RNDR has plummeted 23% in the past month, but the cryptocurrency significantly benefited from the market enthusiasm surrounding the AI and metaverse/VR industries, seeing an impressive 241% increase over the past year. However, despite this year’s good fortune, the recent decline could be a sign that the momentum has run out and it’s arguable whether the altcoin can repeat its previous growth in the second half of 2023.</p> 
<p style="text-align: justify">Newer tokens may offer profit-making opportunities where the well-established cryptocurrency struggles. <a href="https://21milyon.com/coin/rndr" target="_blank" rel="noopener" data-wpel-link="exclude">RNDR</a> had a tough week, but the jump in the past hour suggests that it might be starting to recover.</p> 
<p style="text-align: justify">After reaching an oversold position of 30 yesterday, RNDR’s Relative Strength Index jumped to 50, potentially indicating an upward momentum. Similarly, its 30-day moving average stopped falling below its 200-day average, and the short-term indicator seemingly started to rise again.</p> 
<p><a href="https://en.coin-turk.com/?attachment_id=87050" rel="attachment wp-att-87050" data-wpel-link="internal"><img decoding="async" class="alignnone size-full wp-image-87050" src="https://en.coin-turk.com/wp-content/uploads/2023/06/RNDR.webp" alt="" width="1200" height="711" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/RNDR.webp 1200w, https://en.coin-turk.com/wp-content/uploads/2023/06/RNDR-287x170.webp 287w, https://en.coin-turk.com/wp-content/uploads/2023/06/RNDR-768x455.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px"></a></p> 
<h2 style="text-align: justify" id="expectations-from-rndr">Expectations from RNDR!</h2> 
<p style="text-align: justify">The support level of RNDR that seems to resist falling below $1.90 overnight could amplify the sense of recovery, and help the altcoin rise. However, it’s hard to say whether this small bounce after a bad week will turn into continuous increases.</p> 
<p style="text-align: justify">Render had been one of the best-performing main cryptocurrencies of the year, amplified by the hype for artificial intelligence and metaverse in the network’s graphics processing. <a href="https://en.coin-turk.com/amidst-economists-skepticism-why-cryptocurrency-gains-support-from-influential-millionaires/" data-wpel-link="internal">News</a> that the latest iPad models support Render’s OctaneX processing application boosted RNDR to $2.85 in May, but it seems the momentum of this rally has now stalled.</p> 
<p style="text-align: justify">Interest surrounding AI and the metaverse may decrease in the upcoming months, leaving RNDR without a source of gain. Therefore, it’s possible that we won’t see RNDR hitting more major rallies this year, at least without truly significant adoption news.</p> 
<p>The post <a rel="nofollow" href="https://en.coin-turk.com/render-token-bounces-back-after-last-weeks-dip-will-the-momentum-last/" data-wpel-link="internal">Render Token Bounces Back After Last Week’s Dip: Will the Momentum Last?</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Render Token Bounces Back After Last Week’s Dip: Will the Momentum Last?

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